Paytrie spinout Loon raises $3 million to oversee Canadian dollar-backed stablecoin
Calgary-based FinTech startup will become the new issuer of Paytrie’s CADC stablecoin.
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The feds are picking Canadian tech winners through MOUs
Plus: Aidan Gomez says Cohere could IPO “soon.”
Evan Solomon teases new AI laws as experts warn Canada is behind international peers
AI minister pledges to tackle deepfakes and data transfer at governance conference in Montreal.
AI minister won’t rule out American involvement in Canada’s sovereign cloud
Evan Solomon says sovereign cloud strategy may have room for “multiple players.”
FINTRAC issues record-setting, $177-million fine against crypto exchange Cryptomus
Money laundering watchdog hands out hefty penalty for failure to submit over 1,000 suspicious transaction reports.
Canada’s FinTech industry enters new era as Bank of Canada taps first payment service providers
Wealthsimple, Venn, Brim, and others are now subject to new rules and payment rail access.
Investissement Québec transforms early-stage program into $200-million VC fund
New Fonds Impulsion will expand support for founders amid declining seed-stage deal flow across the province.
Tech investor associations urge unified capital strategy ahead of budget
NACO and CVCA ask for seed-matching program, VCCI re-up, Canadian QSBS, and mid-cap support.
Feds commit $189 million to renew Black Entrepreneurship Program
Five-year extension will expand access to loans, mentorship, and data through three programs.
Danielle Smith expands ministerial team leading Alberta’s $100-billion AI data centre push
Nathan Neudorf joins finance and innovation colleagues as data centre proposals outpace power grid capacity.
Canadian FinTech leaders told to finally expect open banking progress in fall budget
Sources say feds poised to deliver on next phase of long-delayed financial data-sharing legislation.
BDC commits $100 million to boost rural entrepreneurship across Canada
Bank partners with Community Futures network to help founders in remote areas access capital and advice.
At Elevate, founders call out barriers holding back Canadian healthtech
Entrepreneurs say slow policy and weak procurement limit Canadians’ access to aging and fertility tech.
“Stay tuned”: OpenAI teases Canadian office
ChatGPT maker cites Canadian AI talent, capacity, and capital as advantages in global expansion.
Canadian cloud providers unite to launch sovereign cloud offering for government
ThinkOn, Hypertec Group, Aptum, and eStruxture team up to keep data under Canadian control.